Tremor International (NASDAQ:TRMR) Hits New 12-Month Low Following Analyst Downgrade

Tremor International Ltd (NASDAQ:TRMRGet Rating)’s stock price hit a new 52-week low during trading on Monday after Royal Bank of Canada lowered their price target on the stock from $17.00 to $15.00. Royal Bank of Canada currently has an outperform rating on the stock. Tremor International traded as low as $6.34 and last traded at $6.92, with a volume of 1366 shares changing hands. The stock had previously closed at $8.82.

Other equities analysts have also recently issued reports about the stock. Raymond James cut shares of Tremor International from an “outperform” rating to a “market perform” rating in a research report on Monday, October 24th. Needham & Company LLC lowered their price objective on shares of Tremor International from $16.00 to $10.00 and set a “buy” rating for the company in a research report on Monday. Finally, JMP Securities lowered their price objective on shares of Tremor International from $22.00 to $20.00 and set a “market outperform” rating for the company in a research report on Tuesday.

Institutional Investors Weigh In On Tremor International

Institutional investors have recently added to or reduced their stakes in the business. Brooktree Capital Management bought a new stake in Tremor International during the 1st quarter worth approximately $1,700,000. State Street Corp grew its holdings in Tremor International by 11.4% during the 2nd quarter. State Street Corp now owns 19,008 shares of the company’s stock worth $165,000 after acquiring an additional 1,948 shares during the last quarter. UBS Group AG grew its holdings in Tremor International by 232.7% during the 2nd quarter. UBS Group AG now owns 18,394 shares of the company’s stock worth $159,000 after acquiring an additional 12,865 shares during the last quarter. Citigroup Inc. bought a new stake in Tremor International during the 1st quarter worth approximately $84,000. Finally, S Squared Technology LLC grew its holdings in Tremor International by 194.7% during the 3rd quarter. S Squared Technology LLC now owns 185,713 shares of the company’s stock worth $1,287,000 after acquiring an additional 122,696 shares during the last quarter. 5.88% of the stock is owned by institutional investors.

Tremor International Stock Performance

The stock’s 50 day moving average price is $7.47 and its 200 day moving average price is $9.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.17 and a current ratio of 3.17. The company has a market capitalization of $479.09 million, a P/E ratio of 19.26 and a beta of 1.79.

Tremor International (NASDAQ:TRMRGet Rating) last posted its quarterly earnings data on Tuesday, August 16th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.14). Tremor International had a net margin of 15.72% and a return on equity of 10.32%. The firm had revenue of $75.83 million during the quarter, compared to the consensus estimate of $84.75 million. As a group, equities analysts expect that Tremor International Ltd will post 0.79 EPS for the current year.

Tremor International Company Profile

(Get Rating)

Tremor International Ltd. provides end-to-end software platform that enables advertisers to reach relevant audiences and publishers. The company's demand side platform (DSP) offers full-service and self-managed marketplace access to advertisers and agencies in order to execute their digital marketing campaigns in real time across various ad formats.

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